"Allegro demonstrated the ability to provide a fully integrated approach to managing our business. With the ability to support the physical and financial aspects of our power trading and to manage the risk associated with these activities, as well as the option to seamlessly connect with our existing accounting system, we expect to gain the visibility and business process efficiency necessary to meet our objectives. The Allegro 8 technology architecture offers the flexibility and business capabilities we need to succeed in the European market environment."

Industrielle Werke Basel (IWB)

Allegro Energy Trading and Risk Management System to be Implemented by Patriot Coal

Leading U.S. Coal Producer to Gain Credit and Risk Management Efficiencies

DALLAS, TX, November 9, 2010 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Patriot Coal Corporation will implement its Allegro 8 software. Patriot’s dynamic business demanded automation and further enhancements to the company’s current credit and risk management processes.  In addition, Allegro 8 will provide Patriot with a trading and regulatory compliance platform so that Patriot will be better prepared to enter into the coal trading arena as corporate objectives and market conditions warrant.

Patriot Coal Corporation is a leading producer and marketer of coal in the eastern United States, with 14 mining complexes in Appalachia and the Illinois Basin. Patriot ships to domestic and international electricity generators, industrial users and metallurgical coal customers, and controls approximately 1.8 billion tons of coal reserves.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.

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